Bill > SB1483

This bill authorizes the Hawaii Department of Transportation to issue highway revenue bonds for specific capital improvement projects, with the ability to raise funds not only for the projects themselves but also to cover related expenses such as interest payments, establishing reserves, and issuance costs. The bonds will be issued under existing state law and can be repaid through multiple revenue streams, including highway fuel taxes, vehicle weight taxes, vehicle registration fees, federal money, and other user taxes and fees related to highways and transportation infrastructure. The governor is granted discretion to use the state highway fund to finance projects that are designated to be funded by highway revenue bonds. The bill specifically amends previous legislative acts (Act 164 of 2023 and Act 230 of 2024) to restore and clarify the revenue bond authorization, with the provisions taking effect on July 1, 2050. The bill also includes a severability clause, which means that if any part of the act is found to be invalid, the rest of the act can still remain in effect.

Budget and Finance, Transportation and Infrastructure

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=1483&year=2026